Xylem Inc. (NYSE:XYL) CAO Sells $122,890.00 in Stock

Xylem Inc. (NYSE:XYLGet Free Report) CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Xylem Stock Up 1.3 %

XYL stock opened at $125.10 on Friday. The firm’s fifty day simple moving average is $115.38 and its 200-day simple moving average is $103.88. The company has a market capitalization of $30.16 billion, a P/E ratio of 45.99, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $125.33.

Xylem (NYSE:XYLGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities research analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. Xylem’s dividend payout ratio is 52.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Xylem from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Wolfe Research initiated coverage on shares of Xylem in a research note on Wednesday, December 13th. They set an “outperform” rating and a $127.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Xylem from a “hold” rating to a “buy” rating and upped their price target for the company from $104.00 to $120.00 in a research note on Tuesday, November 21st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.38.

Read Our Latest Analysis on XYL

Institutional Trading of Xylem

A number of hedge funds have recently added to or reduced their stakes in XYL. Panagora Asset Management Inc. boosted its holdings in Xylem by 21.7% during the first quarter. Panagora Asset Management Inc. now owns 14,297 shares of the industrial products company’s stock worth $1,219,000 after buying an additional 2,550 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Xylem by 1.5% during the first quarter. Yousif Capital Management LLC now owns 27,307 shares of the industrial products company’s stock valued at $2,328,000 after purchasing an additional 416 shares in the last quarter. Blair William & Co. IL lifted its holdings in Xylem by 0.5% during the first quarter. Blair William & Co. IL now owns 66,243 shares of the industrial products company’s stock valued at $5,648,000 after purchasing an additional 299 shares in the last quarter. Sei Investments Co. lifted its holdings in Xylem by 6.7% during the first quarter. Sei Investments Co. now owns 335,330 shares of the industrial products company’s stock valued at $28,590,000 after purchasing an additional 21,165 shares in the last quarter. Finally, Prudential PLC purchased a new position in Xylem during the first quarter valued at $333,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

About Xylem

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Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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